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ØBad Effects
The basic agricultural production were set aside due to the prioritization of its commercial aspect like abaca and tobaccoØThe economy of Philippines slowed downØThe management of local communities were neglectedØThe Spaniards forgot that it was not only the galleon trade were the source of income of the government
Good Effects
ØThey were able to prolonged the colony of SpainØIt was the main source of income for both the government and the church leadershipØIt maintained the Natural Resources of the countryØIt opened the doors to the westerned countries for the conceptualization and adaptation of the modern technologiesØIt manifested a cultural exchange for the Filipinos and foreigners
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∙ 16y ago
The Manila Galleon Trade facilitated the exchange of goods between Asia, the Americas, and Europe, leading to cultural diffusion, economic growth, and the spread of new products and ideas. It helped establish trade networks, boosted the Spanish Empire's economy, and influenced global trade patterns.
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How did the galleon trade hurt the economy of the Philippines and the livelihood of Filipinos?
The Manila Galleon trade system concentrated wealth in the hands of a few elite Spanish and Filipino families, leading to economic inequality and limited economic development for the rest of the population. The heavy taxation imposed by the Spanish colonial authorities to fund the trade also burdened the local economy and hindered the growth of local industries and businesses. Additionally, the trade disrupted traditional Filipino industries and agriculture, as resources were redirected towards servicing the needs of the galleon trade.
Characteristics of Philippine trade and industry may be traced to galleon trade policy of Spain?
The galleon trade was a system of maritime trade routes established between Manila and Acapulco by Spain in the 16th century. This trade route facilitated the exchange of goods between Asia and the Americas, which influenced the development of trade and industry in the Philippines. The galleon trade brought about the introduction of new products, cultural exchanges, and economic integration with other regions, shaping the trade and industry landscape in the Philippines.
Why did William Lytle Schurz called the galleon trade the most oppressive phase of the Spanish domination in the Philippine islands?
William Lytle Schurz believed the galleon trade was oppressive because it allowed Spain to control the economy and exploit resources in the Philippines for its own benefit. The trade system restricted the Philippine economy and limited its development, while enriching Spanish colonizers.
Why was manila so important?
Manila was important due to its strategic location as a port city in the Philippines, providing access to trade routes connecting Asia with the rest of the world. It was a hub for Spanish colonization and trade in the region, and played a key role in the global exchange of goods and cultures during the colonial era. Additionally, Manila’s harbor was ideal for anchoring ships and facilitating maritime activities.
How did manila men showed reason logic?
Manila men showed reason and logic through critical thinking and problem-solving. They used evidence and analysis to make decisions and form arguments. This was demonstrated in various aspects of their lives, such as in trade, governance, and social interactions.
Who benefited from the Manila galleon trade?
Spanish people benefited most from the Manila galleon trade.
What are effect of manila galleon trade?
They pooped on the ships
How did the galleon trade hurt the economy of the Philippines and the livelihood of Filipinos?
The Manila Galleon trade system concentrated wealth in the hands of a few elite Spanish and Filipino families, leading to economic inequality and limited economic development for the rest of the population. The heavy taxation imposed by the Spanish colonial authorities to fund the trade also burdened the local economy and hindered the growth of local industries and businesses. Additionally, the trade disrupted traditional Filipino industries and agriculture, as resources were redirected towards servicing the needs of the galleon trade.
When did Manila-Acapulco Galleon end?
Manila-Acapulco Galleon ended in 1815.
When was Manila-Acapulco Galleon created?
Manila-Acapulco Galleon was created in 1565.
Who is the patron saint of Manila Acapulco Galleon trade?
It was Nuestra Seniora dela Paz y Buenviaje English name: Our Lady of Peace and Good Voyage
What was a galleon built of?
Wood and wrought iron, mainly, but also manila rope and canvas.
What is the galleon trade?
The Galleon Trade is referring to trading ships that sailed across the Pacific Ocean to the following places:Manila (Philippines)AcapulcoNew Spain (Mexico)
What is a Spanish galleon trade?
IT WAS A SPANISH SHIP. IT WAS A SPANISH SHIP.
When was the galleon invented?
A galleon is a large ship that has multi decks. It was primarily used by European entities throughout the 16th to 18th centuries. The Portuguese are credited with creating the galleon ship in the early 1400s.
Characteristics of Philippine trade and industry may be traced to galleon trade policy of Spain?
The galleon trade was a system of maritime trade routes established between Manila and Acapulco by Spain in the 16th century. This trade route facilitated the exchange of goods between Asia and the Americas, which influenced the development of trade and industry in the Philippines. The galleon trade brought about the introduction of new products, cultural exchanges, and economic integration with other regions, shaping the trade and industry landscape in the Philippines.
Why did William Lytle Schurz called the galleon trade the most oppressive phase of the Spanish domination in the Philippine islands?
William Lytle Schurz believed the galleon trade was oppressive because it allowed Spain to control the economy and exploit resources in the Philippines for its own benefit. The trade system restricted the Philippine economy and limited its development, while enriching Spanish colonizers.
